The industry believes that overall, city commercial banks are more concerned, especially in areas with strong economic growth. The performance of banks in these areas is more likely to grow, and their share prices are more flexible.
More than 500 institutions surveyed listed banks.
The data shows that from July to August, 14 and * * *13 listed banks were investigated by 574 institutions, including securities companies, fund companies, insurance companies and investment institutions. The total number of investigations reached 43 times.
Among them, Changshu Bank was investigated 7 times by 107 and Jiangyin Bank was investigated 8 times by 103. The number of research institutions and the total number of surveys are in the forefront. In addition, Suzhou Bank, Hangzhou Bank, Zhangjiagang Bank, etc. Has been investigated by more than 50 institutions.
Investigation on reception of listed banks since July
Judging from the semi-annual reports and performance reports that have been disclosed so far, the performance of listed banks that have obtained institutional research is mostly eye-catching.
The semi-annual report recently disclosed by Zhangjiagang Bank shows that the operating income in the first half of the year was 2.353 billion yuan, a year-on-year increase of 5.74%; The net profit of returning to the mother was 762 million yuan, a year-on-year increase of 27.76%.
15 On the evening of August, the semi-annual report disclosed by Changshu Bank showed that in the first half of 2022, the company achieved an operating income of 4.374 billion yuan, a year-on-year increase of18.86%; The net profit returned to the mother 120 1 100 million yuan, up 19.96% year-on-year.
Jiangyin Bank achieved an operating income of 2.036 billion yuan in the first half of 2022, a year-on-year increase of 25.96%; The net profit returned to the mother was 575 million yuan, a year-on-year increase of 22. 10%.
In addition, the disclosed performance report shows that the net profit of Suzhou Bank, Hangzhou Bank and Wuxi Bank increased by 25. 1 1%, 3 1.52% and 30.27% respectively.
Interest spread and credit supply have become the focus of research.
The summary of investor surveys disclosed by listed banks shows that the interest margin and credit supply in the first half of the year have become the key issues concerned by institutions.
Changshu Bank said that due to the seasonal impact of credit supply, corporate loans accounted for a relatively large proportion of new loans in the first half of the year, and new deposits were mainly fixed-term and savings, and structural factors led to a slight narrowing of interest margins. Since the second quarter, the bank has gradually increased the proportion of personal business loans and credit insurance loans while stabilizing the cost of deposits. It is expected that the interest rate difference will remain stable in 2022.
In terms of credit supply, Zhangjiagang Bank said in response to questions from research institutions that by the end of June, the bank's loan balance was109.247 billion yuan, an increase of 9.430 billion yuan or 9.45% compared with the beginning of the year. Half a year's new loans have achieved the progress goal of "half time and half progress".
For the expectation of credit supply in the second half of the year, Chongqing Bank predicted that with the gradual easing of the epidemic and the gradual recovery of the economy, credit demand is expected to improve, and credit supply in the second half of the year is expected to be better than that in the first half.
Pay attention to the performance of high-quality regional banks
In terms of types, city commercial banks and rural commercial banks have received high attention in the investigation of listed banks by institutions since July.
In this regard, Du Bin, chief strategist of Jinyong Investment, said that city commercial banks are generally concerned, especially in areas with strong economic growth. The more likely the performance of banks in these areas is to grow, the more flexible their share prices will be.
Looking forward to the market outlook, Du Bin believes that the current overall P/B ratio of the banking sector is only 0.5, with cheap valuation and outstanding allocation value.
Citic Securities said that from the perspective of listed banks whose performance has been disclosed, high-quality regional banks are operating well as a whole, with sustained high performance and stable asset quality. Since mid-August, the banking sector has entered an intensive period of disclosure in the semi-annual report, and it is suggested to pay attention to the performance of high-quality regional banks.
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